On Tuesday, April 20, Apple announced the newest feature to Apple Card, which is set to make it easier for families to share one.
What the features does is it lets two people share an Apple Card together. By doing this, it allows them to share their credit together, while also helping them equally build their credit.
The new Apple Card feature is being offered to kids starting at 13 years and older. However, there must be a user on the card that is 18 years or older.
One of the goals of Apple Card Family is to teach kids about building and developing credit at a young age.
According to Apple, “Existing Apple Card customers can also merge their Apple Card accounts, giving the flexibility of a higher shared credit limit while keeping the lower APR of the two accounts.”
Those who use Apple Card at stores like Target, Best Buy and Dollar General that accept Apple Pay in their stores from their iPhone or Apple Watch will get 2% in Daily Cash. Using the physical titanium card will give them 1% in Daily Cash.
Apple Card’s 3% Daily Cash merchants are currently Uber, UberEats, T-Mobile, Nike, Walgreens, ExxonMobil and Panera.
Do you plan on using Apple Card Family? What are your thoughts on Apple Card overall? Let us know on Twitter at @appleosophy.
